Nouriel Roubini

With equity markets reaching new heights at a time of rising income and wealth inequality, it should be obvious that today's market mania will end in tears, reproducing the economic injustices of the 2008 crash.

The US will most likely be the world’s new epicenter of political and geopolitical instability in the months and years ahead. The world is in for a long, ugly, bumpy ride.

A highly contested election would cause further damage to America’s global image as an exemplar of democracy and the rule of law, eroding its soft power. Particularly over the past four years, the country has increasingly come to be regarded as a political basket case.

The US and China are now on a collision course in all dimensions and this will continue, to some extent, even if Joe Biden wins next month’s presidential election.

Joe Biden has a better chance than anyone of rebuilding the Democratic coalition and winning back the support of disaffected, working-class voters.

NEW YORK – The recent sharp depreciation of the US dollar has led to concerns that it may lose its role as the main global reserve currency. After all, in addition to the US Federal Reserve’s aggressive monetary easing—which threatens to debase the world’s key fiat currency even further—gold prices...

NEW YORK – After the 2007-09 financial crisis, the imbalances and risks pervading the global economy were exacerbated by policy mistakes. So, rather than address the structural problems that the financial collapse and ensuing recession revealed, governments mostly kicked the can down the road, creat...

NEW YORK – The shock to the global economy from COVID-19 has been both faster and more severe than the 2008 global financial crisis (GFC) and even the Great Depression. In those two previous episodes, stock markets collapsed by 50 percent or more, credit markets froze up, massive bankruptcies follow...

LONDON – Following the United States’ assassination of Iranian Quds Force commander Qassem Suleimani and Iran’s initial retaliation against two Iraqi bases housing US troops, financial markets moved into risk-off mode: oil prices spiked by 10 percent, US and global equities dropped by a few percenta...

Unfettered strategic competition would almost certainly lead eventually from an escalating cold war to a hot war, with disastrous implications for the world